Company registration number 08513689 (England and Wales)
RJ LEGAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
RJ LEGAL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
RJ LEGAL LIMITED
BALANCE SHEET
AS AT
31 MAY 2023
31 May 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
25,388
31,485
Current assets
Cash at bank and in hand
143,079
131,952
Creditors: amounts falling due within one year
5
(37,487)
(46,025)
Net current assets
105,592
85,927
Total assets less current liabilities
130,980
117,412
Creditors: amounts falling due after more than one year
6
(12,000)
(18,000)
Net assets
118,980
99,412
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
118,880
99,312
Total equity
118,980
99,412

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 20 February 2024
Mr R J England
Director
Company registration number 08513689 (England and Wales)
RJ LEGAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
- 2 -
1
Accounting policies
Company information

RJ Legal Limited is a private company limited by shares incorporated in England and Wales. The registered office is 88 Hill Village Road, Sutton Coldfield, West Midlands, United Kingdom, B75 5BE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Tangible fixed assets

Depreciation is provided at the following annual rates in order to to write off each asset over its estimated useful life.

Freehold land and buildings
10% on cost
Plant and equipment
33% on cost
Fixtures and fittings
25% on cost
Computers
33% on cost
1.5
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

 

Current or deferred taxation assets and liabilities are not discounted.

Current tax

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

RJ LEGAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.6
Retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in period to which they relate.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2022 and 31 May 2023
10,000
Amortisation and impairment
At 1 June 2022 and 31 May 2023
10,000
Carrying amount
At 31 May 2023
-
0
At 31 May 2022
-
0
RJ LEGAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 4 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 June 2022
34,629
19,213
53,842
Additions
-
0
176
176
At 31 May 2023
34,629
19,389
54,018
Depreciation and impairment
At 1 June 2022
6,327
16,030
22,357
Depreciation charged in the year
3,463
2,810
6,273
At 31 May 2023
9,790
18,840
28,630
Carrying amount
At 31 May 2023
24,839
549
25,388
At 31 May 2022
28,302
3,183
31,485
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
6,000
6,000
Corporation tax
17,941
25,904
Other taxation and social security
12,132
12,465
Other creditors
66
370
Accruals and deferred income
1,348
1,286
37,487
46,025
6
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Bank loans and overdrafts
12,000
18,000
7
Parent company

The ultimate controlling party is R J England.

2023-05-312022-06-01false20 February 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr R J Englandfalse085136892022-06-012023-05-31085136892023-05-31085136892022-05-3108513689core:LandBuildings2023-05-3108513689core:OtherPropertyPlantEquipment2023-05-3108513689core:LandBuildings2022-05-3108513689core:OtherPropertyPlantEquipment2022-05-3108513689core:CurrentFinancialInstrumentscore:WithinOneYear2023-05-3108513689core:CurrentFinancialInstrumentscore:WithinOneYear2022-05-3108513689core:Non-currentFinancialInstrumentscore:AfterOneYear2023-05-3108513689core:Non-currentFinancialInstrumentscore:AfterOneYear2022-05-3108513689core:CurrentFinancialInstruments2023-05-3108513689core:CurrentFinancialInstruments2022-05-3108513689core:ShareCapital2023-05-3108513689core:ShareCapital2022-05-3108513689core:RetainedEarningsAccumulatedLosses2023-05-3108513689core:RetainedEarningsAccumulatedLosses2022-05-3108513689bus:Director12022-06-012023-05-3108513689core:Goodwill2022-06-012023-05-3108513689core:LandBuildingscore:OwnedOrFreeholdAssets2022-06-012023-05-3108513689core:PlantMachinery2022-06-012023-05-3108513689core:FurnitureFittings2022-06-012023-05-3108513689core:ComputerEquipment2022-06-012023-05-31085136892021-06-012022-05-3108513689core:NetGoodwill2022-05-3108513689core:NetGoodwill2023-05-3108513689core:NetGoodwill2022-05-3108513689core:LandBuildings2022-05-3108513689core:OtherPropertyPlantEquipment2022-05-31085136892022-05-3108513689core:LandBuildings2022-06-012023-05-3108513689core:OtherPropertyPlantEquipment2022-06-012023-05-3108513689core:Non-currentFinancialInstruments2023-05-3108513689core:Non-currentFinancialInstruments2022-05-3108513689bus:PrivateLimitedCompanyLtd2022-06-012023-05-3108513689bus:SmallCompaniesRegimeForAccounts2022-06-012023-05-3108513689bus:FRS1022022-06-012023-05-3108513689bus:AuditExemptWithAccountantsReport2022-06-012023-05-3108513689bus:FullAccounts2022-06-012023-05-31xbrli:purexbrli:sharesiso4217:GBP